Alpha JWC, Insignia lead $2.3m funding in payments startup RateX

Alpha JWC, Insignia lead $2.3m funding in payments startup RateX

Graphic: DEALSTREETASIA/Alpha JWC

Alpha JWC Ventures and Insignia Ventures Partners have led a $2.3-million pre-Series A funding round in Singapore-based payments startup RateX. The startup said the financing is one of the largest pre-Series A rounds raised in Southeast Asia.

RateX is a website extension that automatically provides shoppers with the lowest exchange rate at no transaction fee for overseas purchases through e-commerce platforms. It also allows users to automatically apply coupon codes of their choice upon checkout.

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